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shell plans to sell majority stake in carbon offsets business

Shell Plc is seeking to sell a majority stake in its nature-based carbon offsets business amid a market downturn for emissions credits. The company, which aims to retain a minority stake, is in discussions with private equity firms as it shifts focus back to fossil fuels under CEO Wael Sawan. The sale comes as REDD+ credit prices plummet and scrutiny over project impacts increases, reflecting broader consolidation trends in the carbon market.
bloomberg.com
United States Dollar Shell plc GBR Kyle Harrison Wael Sawan
Finance & Economy, Market Report
19:35 13.11.2024
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